Search or add a thesis

Advanced Search (Beta)
Home > Impact of National Elections on Stock and Commodity Market of Pakistan 1997-2013

Impact of National Elections on Stock and Commodity Market of Pakistan 1997-2013

Thesis Info

Access Option

External Link

Author

Khan, Noman

Program

PhD

Institute

Qurtuba University of Science and Information Technology

City

Dera Ismail Khan

Province

KPK

Country

Pakistan

Thesis Completing Year

2012

Thesis Completion Status

Completed

Subject

Applied Sciences

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/2813/1/Noman_khan_Management_Science_2016_QUSIT_D.I.K_13.06.206.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676726420944

Asian Research Index Whatsapp Chanel
Asian Research Index Whatsapp Chanel

Join our Whatsapp Channel to get regular updates.

Similar


This study aims to explore the impact of national elections on stock and commodity market of Pakistan for the sample period of 1997 to 2013. Four national elections were held during the sampled period. The impact of these four national elections on stock market and the latest two national elections on commodity market are analyzed. The later are restricted to national election 2008 and 2013 due to establishment of Pakistan mercantile exchange in 2007. The stock and commodity returns that is average abnormal return (AABR) and cumulative average abnormal return (CAABR) are computed for a time window of 41 days that is 20 days prior, Election Day, and 20 days after the election. The returns of 120 days before the proposed time window are taken as a benchmark. The results indicate both positive and negative abnormal return in the proposed time frame for both average abnormal return and cumulative average abnormal return by employing market model and market model adjusted for GARCH. Similarly, the cumulative average abnormal returns are tested for different time span and results show abnormal return for all the national elections both for stock and commodity markets. The results indicate that both Karachi stock exchange and Pakistan mercantile exchange exhibit inefficient behavior around these national elections.
Loading...
Loading...

Similar Books

Loading...

Similar Chapters

Loading...

Similar News

Loading...

Similar Articles

Loading...

Similar Article Headings

Loading...

منقبت درمدح مرشد گرامی خواجہ محمد شریف چشتیؒ

منقبت در مدح
پیرو مرشد خواجہ محمد شریف چشتی ،نظامی ، قادری، قلندری
(دربارِ عالیہ شمس آباد پاک پتن شریف)

جو تمھارے غم کا پیکر ہو گیا
مطمئن واللہ یکسر ہو گیا

آپ کی جس کو غلامی مل گئی
وہ مقدر کا سکندر ہو گیا

وہ بھی میرے سر تا سر ہی ہو گئے
جب سے میں اُن کا سراسر ہو گیا

جب سے اُن کے پائوں پہ رکھا ہے سر
فخر سے اونچا مرا سر ہو گیا

آپ کی ہے دید حجِ اکبری
میرا کعبہ آپ کا در ہو گیا

شہد کی اہمیت تاریخ، تہذیب اور طب کی روشنی میں تحقیقی مطالعہ

Honey is one of the oldest and best sweetening agents for foods over the centuries. It is made up of a vast amount of different compounds that can be of nutritional and health benefits.. Thus, the use of honey either as a food or an alternative medicine in the treatment of different disorders is safe, beneficial and free from side effects, honey as food or medicine is advantageous without any hazardous effect. This study has been carried out this subject in order to highlight the importance of honey and its benefits to humanity.

Study of Aflatoxigenicity and Biocontrol of Aspergillus Flavus and Impact of Imizoquins on its Physiology

Aspergillus flavus is a world-wide threat to human, animal and plant health due to the production of aflatoxins in many food and feed products. In first phase of the study, the incidence of aflatoxigenic strains of A. flavus was evaluated in cattle feed, water and milk from three districts of Punjab province of Pakistan (Rawalpindi, Gujrat and Okara) due to high incidence of aflatoxins in dairy products of those areas. In total, 39 of the hundred samples collected were contaminated by A. flavus. Specifically, the incidence of A. flavus was 54.28 %, 53.3 % and 11.42 % in feed (n=35), water (n=30) and milk (n=35) samples, respectively. These strains were further investigated for their aflatoxigenic nature using cultural (fluorescence under UV-light and NH4OH vapor induced color change test) and molecular (PCR) methods. The UV method indicated aflatoxigenic potential in 62 % of strains, and the ammonia vapor test showed 54 % of samples to be positive for aflatoxin production. The UV test is more sensitive than the ammonia test; however, comparable results from both methods strengthened our confidence in the findings. PCR detection of aflatoxin producing cluster of A. flavus was done by employing primers for four structural genes i.e. nor-1, ver-1, omt-A, aflR and two primers were used to distinguish A. flavus from A. parasiticus. The omt-A and aflR genes were regarded as potential markers for aflatoxins production because these genes were amplified in all those strains that were regarded as aflatoxigenic based on cultural methods for aflatoxin detection. It was demonstrated that, in addition to feed, water also acts as a potential threat for aflatoxigenic A. flavus entry into the food chain of the studied region. Moreover, the combined use of cultural and molecular methods, used in this study, can provide a cheaper and faster way to detect aflatoxigenic A. flavus in food and feed samples in developing countries. Fungal secondary metabolites have long been investigated for their pathogenic and therapeutic roles. Numerous biosynthetic gene clusters (BGCs) have been studied in order to decipher the roles of these genetic clusters. A previous study found that Ralstonia solanacearum, a soil-borne bacterium produces a lipopeptide, ralsolamycin, that lowers the expression of a BCG, named as imq, in A. flavus. The transcription factor of this gene cluster, imqK, regulates the synthesis of tripeptide-derived alkaloids, imizoquins. In second phase of this study, imizoquins were found to promote spore germination in A. flavus and few related fungi by acting as endogenous antioxidants to provide protection against germination inhibitory effects of reactive oxygen species (ROS). In addition to their role in fungal development, imizoquins also counteract the delaying effects of ralsolamycin extracts on germination and inhibit the growth of R. solanacearum in a bacteriostatic manner. Thus, this study highlighted the role of secondary metabolites in bacterial-fungal interactions. In third phase of the study, the use of generally regarded as safe (GRAS) microorganisms for the biocontrol strategy against aflatoxigenic A. flavus was investigated. Thirteen Geotrichum candidum strains were used in the study, of which ten strains were locally isolated from dairy products and three strains were procured from University of the Caen, France. These strains were individually assessed for anti-A. flavus activity as well as in combination with four lactic acid bacteria (LAB) strains which included three Lactococcus garvieae strains QAULG01, QAULG02, QAULG03 and a Lactococcus lactis strain QAULG04. The antagonistic potential of G. candidum strains and their combinations with the lactic acid bacteria were assessed by well diffusion assays. G. candidum strain (QAUGC01) and the combination of QAUGC01+QAULG01 gave the best antagonism and yielded the inhibition zones of 19 mm and 30 mm, respectively. The organic extracts obtained from the cell free supernatants of the two samples i.e. QAUGC01 and QAUGC01+QAULG01 yielded the most promising results, and the organic extract from QAUGC01 provided 20 mm inhibitory zone against A. flavus mycelial growth. One of the active metabolites of the cell free supernatants of the two samples was identified to be a derivative of butanoic acid. In conclusion, it is demonstrated through these studies that microbial interaction studies provided useful information regarding the small biomolecules that microorganisms (e.g. LAB from cattle gut, G. candidum from dairy products and R. solanacearum from rhizosphere) use to antagonize and halt the proliferation of nearby residing microbial competitor (e.g. A. flavus in this study).